B. Metzler seel. Sohn & Co. Holding AG Takes $1.71 Million Position in HubSpot, Inc. (NYSE:HUBS)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,210 shares of the software maker's stock, valued at approximately $1,706,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Caprock Group LLC grew its holdings in HubSpot by 16.8% during the 3rd quarter. Caprock Group LLC now owns 673 shares of the software maker's stock worth $358,000 after acquiring an additional 97 shares during the period. Aviso Wealth Management raised its position in shares of HubSpot by 26.3% during the third quarter. Aviso Wealth Management now owns 1,762 shares of the software maker's stock worth $936,000 after purchasing an additional 367 shares during the period. Quest Partners LLC raised its position in HubSpot by 125.6% in the 3rd quarter. Quest Partners LLC now owns 871 shares of the software maker's stock valued at $463,000 after buying an additional 485 shares during the last quarter. Swiss National Bank raised its position in HubSpot by 0.8% in the 3rd quarter. Swiss National Bank now owns 143,700 shares of the software maker's stock valued at $76,391,000 after buying an additional 1,100 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of HubSpot by 10.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 33,559 shares of the software maker's stock worth $17,840,000 after buying an additional 3,270 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HUBS shares. Oppenheimer raised their target price on HubSpot from $625.00 to $740.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their price target on shares of HubSpot from $626.00 to $690.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Barclays lifted their price objective on shares of HubSpot from $500.00 to $650.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. KeyCorp raised shares of HubSpot from an "underweight" rating to a "sector weight" rating and set a $460.00 price target for the company in a research report on Thursday, August 8th. Finally, Truist Financial restated a "buy" rating and issued a $750.00 price objective (up from $600.00) on shares of HubSpot in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $672.68.

Insider Buying and Selling at HubSpot

In other HubSpot news, CTO Dharmesh Shah sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the completion of the transaction, the chief technology officer now owns 1,323,145 shares in the company, valued at $889,973,789.90. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Yamini Rangan sold 116 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $491.19, for a total value of $56,978.04. Following the completion of the sale, the chief executive officer now directly owns 67,203 shares of the company's stock, valued at $33,009,441.57. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,391 shares of company stock worth $29,101,488 in the last quarter. 4.50% of the stock is owned by corporate insiders.

HubSpot Stock Performance

Shares of NYSE:HUBS traded up $22.61 during trading on Friday, hitting $742.61. 653,470 shares of the company's stock were exchanged, compared to its average volume of 588,401. HubSpot, Inc. has a 52-week low of $434.84 and a 52-week high of $745.49. The business's 50-day simple moving average is $575.54 and its 200 day simple moving average is $551.94.

HubSpot (NYSE:HUBS - Get Free Report) last released its earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.27. The firm had revenue of $669.72 million during the quarter, compared to analysts' expectations of $646.97 million. HubSpot had a negative return on equity of 1.16% and a negative net margin of 0.56%. The firm's revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) earnings per share. Equities research analysts forecast that HubSpot, Inc. will post 0.4 EPS for the current fiscal year.

HubSpot Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.